Selling platinum via GoldRepublic

Have you purchased platinum through GoldRepublic? Then you can sell it back to us safely and easily at any time.

There may be various reasons why you want to sell your platinum. Perhaps you want to take profit after an increase in the price of platinum. Or you expect the platinum price to fall in the short term and want to temporarily free up liquidity. It may also be that you want to adjust the composition of your portfolio and, for example, switch partially to gold or silver.

Whatever your reason, at GoldRepublic you always benefit from a buy-back guarantee on the platinum you have purchased through us.

Always a buy-back guarantee on platinum purchased through GoldRepublic
Sell directly at the current international platinum price
No hidden costs: you know exactly how much you will receive in advance

How does selling platinum to GoldRepublic work?

At GoldRepublic, selling platinum is simple and completely transparent. Thanks to our buyback guarantee, you can sell the platinum you purchased from us at any time at the current platinum price.

Step 01

Log in to your GoldRepublic account.

Step 02

Select the amount of gold you want to sell.

Step 03

Confirm the sale at the current price.

Step 04

After the transaction, you can deposit the amount into your account.

Different types of sell orders

When you sell platinum through GoldRepublic, you can choose from different types of sell orders:

  • Market order: With a market order, you sell your platinum immediately at the current purchase price offered by GoldRepublic. The transaction is executed instantly at the best available price at that time. This is the fastest and most direct way to sell your platinum.
  • Limit order: With a limit order, you determine the minimum price at which you want to sell. The sale only takes place once the platinum price reaches or exceeds the limit you have set. This allows you to retain complete control over when you sell.
  • Order based on amount: You can also place an order based on a desired amount of money. Our platform automatically calculates how much platinum needs to be sold to achieve this, based on the current platinum price.
  • Order based on bar volume: Would you like to sell a specific number of platinum bars or an exact weight? Then simply choose an order based on volume.

How is the selling price of platinum determined?

Are you selling your platinum back to GoldRepublic? Then you will receive the current platinum bid price, which is slightly lower than the market price.

You pay 1% transaction costs on the sale of your platinum. This amount is automatically deducted, after which the remaining amount is credited to your GoldRepublic account. You can reinvest this in other precious metals or have it paid out directly to your contra account at your bank.

How is the selling price of platinum determined?

The selling price of platinum continuously follows the international platinum market. This fluctuates with supply and demand, which are strongly influenced by industrial and economic developments. At GoldRepublic, we always use completely transparent pricing, so that you receive a fair and current price.

As with gold and silver, there is a difference between the purchase price and the selling price of platinum; this is known as the spread. This is caused by:

  • The margin between purchase and selling prices
  • The price risk that occurs between the time of purchase and sale. This is due to the price that smelters offer for the repurchase of platinum.

As a result, you receive slightly less than the current price when you sell, and you pay slightly more when you buy.

Frequently asked questions

How do I open an account with GoldRepublic?

You can easily open an account on our website. After submitting your information and completing identity verification, you can begin buying precious metals right away.

Is GoldRepublic regulated?

Yes, GoldRepublic is licensed and regulated by the Dutch Authority for the Financial Markets (AFM) as a provider of investment products.

What is the minimum purchase amount?

You can invest from as little as £50 or 1 gram of precious metal. A monthly savings plan is also available for automatic recurring purchases.

Is my precious metal insured?

Yes. All precious metals stored with GoldRepublic are fully insured and remain your legal property at all times.

Want to create wealth by investing in precious metals?

Open an account for free and discover how easy it is to trade physical bullion with GoldRepublic